Saudi alternatives manager Sidra Capital has announced the first close of its shariah-compliant Asia Pacific private equity fund.
The firm has partnered with BlackRock’s private equity arm for the Sidra BlackRock Asia Pacific Private Equity Strategy.
“This new mandate takes a strategic approach to a region that is rich with investment opportunities,” said Hani Baothman, Chairman of Sidra Capital.
“Private markets in Asia are gradually becoming an integral part of private portfolios for clients across the globe on the back of robust economic and investment development,” added Lynn Baranski, global head of investments for BlackRock Private Equity Partners.
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